Distributive Justice: The Right and Wrong of Our Present Distribution of WealthRyan, John A. (John Augustine)
PhilosophyChristian
Distributive Justice: The Right and Wrong of Our Present Distribution of Wealth
Ryan, John A. (John Augustine)
Economic history; Income distribution -- Moral and ethical aspects; Wealth -- Religious aspects
As a fact, the supply of land is strictly limited by nature, while
the other factors can and do increase. There are, however, several
forces which neutralise or retard the tendency of land to become
scarce, and of rent to rise. Modern methods of transportation, of
drainage, and of irrigation have greatly increased the supply of
available land, and of commercially profitable land. During the
nineteenth century, the transcontinental railroads of the United
States made so much of our Western territory accessible that the value
and rent of New England lands actually declined; and there are still
many millions of acres throughout the country which can be made
productive through drainage and irrigation. In the second place, every
increase of what is called the "intensive use" of land gives
employment to labour and capital which otherwise would have to go upon
new land. In America this practice is only in its infancy. With its
inevitable growth, both in agriculture and mining, the demand for
additional land will be checked, and the rise in land values and rents
be correspondingly diminished. Finally, the proportion of capital and
labour that is absorbed in the manufacturing, finishing, and
distributive operations of modern industry is constantly increasing.
These processes call for very little land in comparison with that
required for the extractive operations of agriculture and mining. An
increase of one-fifth in the amount of capital and labour occupied in
growing wheat or in taking out coal, implies a much greater demand for
land than the same quantity employed in factories, stores, and
railroads.[60]
Public-domain text, read in full here on John Shaqi.
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